Jury Finds No Fraud In $12M Dispute Over Hotel Investment

By Carolina Bolado (May 25, 2016, 8:21 PM EDT) -- A Florida jury handed developers an almost complete defense win Wednesday, rejecting the $12 million fraud claims brought by two Middle Eastern companies that said they were fraudulently enticed to invest in a hotel project.

After two weeks of at times dramatic testimony, a federal jury in Fort Lauderdale came back with a verdict in favor of father-and-son defendants Talat and Jason Radwan and their company Cortez Holding Group on all but one of the eight counts against them, according to a statement from their attorneys at Greenspoon Marder PA.

The jurors ruled that Cortez did have a duty to plaintiffs...

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